Browsing: Business

MENA Newswire News Desk: Seven & i Holdings, the parent company of 7-Eleven, has rejected a $38.6 billion acquisition offer from Canadian convenience store operator Alimentation Couche-Tard. The Tokyo-based company stated that the proposal “grossly undervalues” the business and does

MENA Newswire News Desk: European and Asian stock markets slid on Friday as investors awaited the release of key U.S. jobs data that could significantly influence the Federal Reserve’s next move on interest rates. The anticipated payroll report is expected

MENA Newswire News Desk: JPMorgan has retracted its previous call to buy Chinese stocks, citing concerns over the possibility of a second tariff war following the upcoming U.S. elections. The bank’s analysts downgraded Chinese equities from “overweight” to “neutral” in

MENA Newswire News Desk: Verizon Communications Inc. has agreed to acquire Frontier Communications Parent Inc. in a deal valued at approximately $9.6 billion, as the telecom giant seeks to strengthen its high-speed internet services. The acquisition, which includes both equity

Job openings in the U.S. dropped to their lowest level since January 2021, adding to signs of a slowing labor market. The Bureau of Labor Statistics reported 7.67 million open positions at the end of July, down from 7.91 million

UK and global markets suffered sharp declines on Wednesday as concerns about the health of the global economy weighed on investor sentiment. The FTSE 100, which represents the largest companies on the London Stock Exchange, dropped 0.55% by midday, following

China announced on Tuesday that it will initiate an anti-dumping investigation into canola imports from Canada. The move comes shortly after Canada imposed significant tariffs on Chinese electric vehicles (EVs), leading to a sharp increase in domestic rapeseed oil futures

Stocks declined sharply on Tuesday, with the Dow Jones Industrial Average falling over 100 points as the first trading day of September began on a volatile note. The S&P 500 slid 0.7%, while the tech-heavy Nasdaq Composite dropped 0.9%. The

The UK government has announced a significant milestone in its push towards becoming a clean energy power, with the latest renewables auction securing funding for a record 131 projects. These initiatives are set to power the equivalent of 11 million

The British pound is anticipated to continue its upward trajectory against the US dollar, fueled by expectations of more gradual interest rate cuts in the UK compared to the United States and the Eurozone. Bank of America projects the pound